CODE OF VIRGINIA

WHEN CARGO IN TRANSIT NOT DEEMED TO HAVE ACQUIRED A SITUS FOR TAXATION (§
58.1-3514)

Cargo, merchandise and equipment in transit which is stored, located or housed
temporarily in a marine or airport terminal prior to being transported by
vessels or aircraft to a point outside the Commonwealth, shall not acquire a
situs for property taxation by the Commonwealth or any of its counties, cities
or towns.

HISTORY: Code 1950, § 58-834.3; 1983, c. 225; 1984, c. 675.